India’s ITC Reports 20% Quarterly Profit Fall as Cigarette Sales Volume Slips
ITC said higher cigarette prices affected demand, while raw-material inflation linked to the Middle East war weighed on earnings.
India's ITC NSE:ITC reported a 20% fall in quarterly profit on Monday, as higher cigarette prices affected demand, while raw material inflation linked to the fallout from the Middle East war weighed on earnings.The consumer goods major, home to brands including Aashirvaad and Sunfeast, said profit…